July 2026
Proposition 98 Overview
Proposition 98 Funding by Segment and Source
(Dollars in Millions Except Funding Per Student)
| 2024-25 Final |
2025-26 Revised | 2026-27 Enacted |
Change From 2025-26 | ||
| Amount | Percent | ||||
| K-12 Education | |||||
| General Funda | $77,248 | $75,070 | $82,990 | $7,920 | 10.6% |
| Local property tax | 28,270 | 29,130 | 30,478 | 1,348 | 4.6 |
| Subtotals | ($105,518) | ($104,200) | ($113,468) | ($9,268) | (8.9%) |
| California Community Colleges | |||||
| General Fund | $9,744 | $8,805 | $9,941 | $1,137 | 12.9% |
| Local property tax | 4,343 | 4,444 | 4,661 | 218 | 4.9 |
| Subtotals | ($14,087) | ($13,248) | ($14,602) | ($1,354) | (10.2%) |
| Reserve Depositb | $5,324 | $3,871 | — | -$3,871 | -100.0% |
| Unpaid Settle Upc | — | $3,940 | — | -$3,940 | -100.0% |
| Totals | $124,929 | $125,260 | $128,071 | $2,811 | 2.2% |
| Enrollment | |||||
| K-12 attendance | 5,436,215 | 5,399,416 | 5,365,567 | -33,849 | -0.6% |
| Community College FTE students | 1,096,150 | 1,090,449 | 1,122,551 | 32,102 | 2.9 |
| Funding Per Student | |||||
| K-12 Education | $19,410 | $19,298 | $21,148 | $1,849 | 9.6% |
| California Community Colleges | 12,851 | 12,149 | 13,008 | 859 | 7.1 |
| a Includes funding for instruction provided directly by state agencies. Includes funding for preschool programs administered by local educational agencies in 2024-25 and 2025-26 and funding for all state preschool programs beginning in 2026-27. | |||||
| b Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund. | |||||
| c The state is required to allocate this amount for schools and community colleges in the future, assuming no reduction to the estimate of the Proposition 98 guarantee. Amount consists entirely of General Fund. June 2026 budget trailer legislation indicates the state will use this funding for discretionary reserve deposits. | |||||
| FTE = full-time equivalent. | |||||